JPMorgan Chase & Co. Sells 5,410 Shares of NiCE $NICE

JPMorgan Chase & Co. cut its stake in NiCE (NASDAQ:NICE) by 12.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 38,688 shares of the technology company’s stock after selling 5,410 shares during the period. JPMorgan Chase & Co.’s holdings in NiCE were worth $5,601,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in NiCE by 2.7% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,768,920 shares of the technology company’s stock worth $400,884,000 after purchasing an additional 73,083 shares during the last quarter. Lazard Asset Management LLC boosted its stake in shares of NiCE by 116.1% in the 2nd quarter. Lazard Asset Management LLC now owns 1,226,920 shares of the technology company’s stock valued at $207,238,000 after purchasing an additional 659,170 shares during the last quarter. Artisan Partners Limited Partnership increased its position in shares of NiCE by 3.8% during the third quarter. Artisan Partners Limited Partnership now owns 1,029,121 shares of the technology company’s stock worth $148,996,000 after buying an additional 37,973 shares during the period. Neuberger Berman Group LLC increased its position in shares of NiCE by 36.5% during the third quarter. Neuberger Berman Group LLC now owns 845,620 shares of the technology company’s stock worth $122,429,000 after buying an additional 225,936 shares during the period. Finally, Alliancebernstein L.P. raised its stake in NiCE by 6.6% during the second quarter. Alliancebernstein L.P. now owns 819,140 shares of the technology company’s stock worth $138,361,000 after buying an additional 50,403 shares during the last quarter. Institutional investors and hedge funds own 63.34% of the company’s stock.

Analyst Ratings Changes

NICE has been the subject of a number of recent analyst reports. Rosenblatt Securities reiterated a “buy” rating and set a $155.00 price target on shares of NiCE in a report on Friday, February 20th. Morgan Stanley set a $148.00 price objective on NiCE in a research note on Friday, February 20th. Weiss Ratings restated a “sell (d+)” rating on shares of NiCE in a research report on Friday, March 27th. Jefferies Financial Group reaffirmed a “hold” rating on shares of NiCE in a research note on Thursday, February 19th. Finally, Wedbush reissued a “neutral” rating and issued a $120.00 price target on shares of NiCE in a research note on Friday, February 20th. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, NiCE has a consensus rating of “Hold” and an average price target of $151.83.

NiCE Price Performance

Shares of NiCE stock opened at $110.11 on Thursday. The business has a 50-day simple moving average of $113.62 and a 200 day simple moving average of $119.79. NiCE has a one year low of $94.65 and a one year high of $180.61. The firm has a market capitalization of $6.65 billion, a price-to-earnings ratio of 11.39, a PEG ratio of 1.28 and a beta of 0.97.

NiCE (NASDAQ:NICE) last announced its quarterly earnings results on Thursday, February 19th. The technology company reported $3.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.23 by $0.01. NiCE had a return on equity of 18.26% and a net margin of 20.78%.The business had revenue of $786.50 million for the quarter, compared to analyst estimates of $779.95 million. During the same quarter in the prior year, the company earned $3.02 earnings per share. The company’s quarterly revenue was up 9.0% on a year-over-year basis. NiCE has set its FY 2026 guidance at 10.850-11.050 EPS and its Q1 2026 guidance at 2.450-2.550 EPS. On average, sell-side analysts expect that NiCE will post 9.85 EPS for the current year.

NiCE announced that its board has initiated a stock repurchase plan on Thursday, February 19th that allows the company to repurchase $600.00 million in shares. This repurchase authorization allows the technology company to reacquire up to 9.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.

NiCE Profile

NiCE Ltd is a global software provider specializing in solutions for customer engagement, financial crime prevention, public safety, workforce optimization and border security. Its product offerings include cloud-native and on-premises platforms that leverage advanced analytics, artificial intelligence and automation to help organizations enhance customer experiences, streamline operations and ensure regulatory compliance. NiCE’s portfolio addresses the needs of contact centers, financial institutions, government agencies and enterprises across a broad range of industries.

In customer engagement, NiCE delivers tools for omnichannel interaction management, real-time and historical analytics, workforce management, and quality management.